Daily LInks
1. LVMH and Ruffini group won’t increase Moncler stake beyond 20%. LVMH and Ruffini Partecipazioni Holding have agreed not to increase their stake in Moncler to more than 20% in the next three years after the French luxury giant invested in the Italian outerwear company. – Read More on Reuters
2. RELATED READ: A Running Timeline of Fashion, Luxury Funding and M&A. LVMH will acquire a 10 percent stake in Double R, the investment vehicle controlled by Moncler Chairman and CEO Remo Ruffini. – Read More on TFL
3. Supply Chains Belong at the Top of a CEO’s Agenda. A leadership team that provides financial, operational, and organizational flexibility and understands that today’s supply chains require new thinking — not just tinkering — can reduce the odds that they’ll have to respond to crisis in this era of disruption. – Read More on Harvard Business Review
4. LVMH Took Over the Paris Olympics. Now It’s Snagged Formula One. LVMH has its next target in sports. Starting next year, the group will leap on the global resurgence of Formula One with a 10-year sponsorship deal that will put LVMH brands front and center of motor racing’s premier traveling circus. – Read More on the Wall Street Journal
5. Nike Seeks to Wipe Slate Clean for New CEO, Withdraws Guidance. Under Donahoe, Nike hit its $50 billion revenue goal, boosted by rapid growth around its lifestyle sneakers, such as Dunks and Air Force 1s, but as demand for those products cooled last year, executives were left scrambling to find items to replace them in the face of growing competition. – Read More on Bloomberg
